(a) \_Transaction Expenses\_. Lessee shall pay to Lessor upon demand
all fees, costs and expenses incurred by or on behalf of Lessor (“
\*\*Transaction Expenses\*\* ”) at any time in connection with (i) the
negotiation, preparation, execution, delivery and enforcement of the Lease
Documents and the collection of the Obligations (both before and after the
occurrence of a Default or Event of Default), (ii) the creation, preservation
and protection of the Collateral and the perfection, first priority and
enforcement of Lessor’s Lien, or (iii) Lessee’s exercise of any right granted
under, or any amendment or other modification to any of, the Lease Documents.
Such Transaction Expenses shall include, without limitation, appraisal and
inspection fees, the fees and expenses of Aviation Counsel and of Lessor’s
counsel, consultants and brokers, UCC, FAA, International Registry and other
applicable title, interest and lien searches, and costs and expenses relating
to recovery, repossession, storage, insurance, transportation, repair,
refurbishment, advertising, sale and other dispositions of the Aircraft or of
any Collateral. Lessee shall also pay all fees (including license, filing and
registration fees), Impositions and other charges of whatever kind or nature
that may be payable or determined to be payable in connection with (i) the
execution, delivery, recording or performance of this Lease or any of the
other Transaction Documents, or any modification thereof, and (ii) the
filings, registrations and other undertakings relating thereto. In addition to
the foregoing, Lessee shall pay to Lessor a documentation fee in the amount of
$2,500.00.